U.S. Ethanol Exports Update – Jan ’17

Nov ’16 U.S. Ethanol Export Volumes Declined Slightly From the Oct ’16 Four Year High Nov ’16 Ethanol Exports Volumes Finished Down 4.3% MOM but up 110.2% YOY Ethanol Volumes Destined to Brazil Increased Most Significantly Throughout Nov ’16 Nov ’16 U.S. Ethanol Export Volumes Destined to Brazil Remained Significantly Higher YOY U.S. – Brazilian Ethanol Net Trade Increased to a Five and a Half Year High During Nov ’16 Nov ’16 Product Destined to Brazil Accounted for Over 40% of all Export Volumes Ethanol Export Volumes Destined to China Increased the Most YOY Over the Past 12 Months U.S. Ethanol Export Volumes Destined to China Increased Sharply Since 2015 Nov ’16 U.S. Ethanol Export Volumes to China Rebounded to a Seven Month High